Economic Updates
Monday, May 10
Last Week in the News The Institute for Supply Management reported that the monthly index of manufacturing activity was 60.4 in April, after reaching 59.6 in March. It was the ninth straight month of expansion and the best reading since June 2004. A reading above 50 signals expansion.Total con...
Economic Updates
Monday, May 03
Last Week in the News The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 3.2% in the first quarter of 2010. Economists had expected a slightly larger 3.4% increase. This follows a 5.6% pace...
Economic Updates
Monday, April 26
Last Week in the News New home sales rose 26.9% in March to a seasonally adjusted annual rate of 411,000 units from an upwardly revised rate of 324,000 units in February. Economists had expected a pace of 330,000 units. It was the biggest monthly increase in 47 years. The index of leading econom...
Economic Updates
Monday, April 19
Last Week in the News The National Association of Home Builders/Wells Fargo housing market index rose four points in April to 19. Economists had anticipated a reading of 16. An index reading below 50 indicates negative sentiment about the housing market.The combined construction of new single-f...
Economic Updates
Monday, April 12
Last Week in the News The Institute for Supply Management reported the monthly index of non-manufacturing activity rose to 55.4 in March from 53 in February. A reading above 50 signals expansion. Economists had anticipated a reading of 53.3. The reading was the highest since May 2006.The Natio...
Economic Updates
Monday, April 05
Last Week in the News The Commerce Department reported that consumer spending rose $34.7 billion or 0.3% in February, matching what economists had anticipated. Personal income increased $1.2 billion or less than 0.1%.The Standard & Poor’s/Case-Shiller 20-city housing price index rose a seas...